2018-10-23T17:21:45-05:00 2017-12-31 410746749 CLIFTONLARSONALLEN LLP 20 E THOMAS RD STE 2300 PHOENIX AZ 85012 990 2017-01-01 866050959 TRUWEST CREDIT UNION TRUW 6026292062 1667 N PRIEST DRIVE TEMPE AZ 85281 MICHAEL WARD SR VP & CFO 6026292062 2018-10-19 1 MARY C GREEN P00447183 6022662248 67.137.57.251 2018-10-19 10:15:56 US P 4FAD916B30D6483E6BED579D7996E7DFFFCB3996 66528650B4CFBDD6900F8FE16C7CFA4D2AF7FC52 2017 2018-06-14 16:35:46Z ALAN ALTHOUSE 1667 N PRIEST DRIVE TEMPE AZ 85281 66694097 0 X WWW.TRUWEST.ORG X 1952 AZ A COOPERATIVE PROVIDING FINANCIAL SOLUTIONS SO MEMBERS CAN ACHIEVE THEIR GOALS. 9 9 287 14 185608 0 0 0 46581965 52548296 4083989 3994477 0 273496 50665954 56816269 17500 17500 1387788 2212332 20239794 21902414 0 0 0 24969469 27864986 46614551 51997232 4051403 4819037 967262442 1030167948 865876711 923462437 101385731 106705511 X A COOPERATIVE PROVIDING FINANCIAL SOLUTIONS SO MEMBERS CAN ACHIEVE THEIR GOALS. 1 0 THE CREDIT UNION PROVIDES ITS MEMBER-OWNERS LOW COST FINANCIAL SERVICES INCLUDING FINANCIAL PLANNING. 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 18873 0 287 1 1 1 0 0 0 0 0 X 9 9 0 0 0 0 1 1 1 1 1 0 1 1 1 1 1 1 1 1 1 1 0 AZ X MICHAEL WARD 6026292063 1667 N PRIEST DRIVE TEMPE AZ 85281 THOMAS CUMMISKEY CHAIRMAN 20.00 X X 13800 0 0 RICK O'CONNOR VICE CHAIRMAN 4.00 X X 10500 0 0 SCOTT JOHS TREASURER 6.00 X X 12000 0 0 MIKE VASCO SECRETARY 4.00 X X 8700 0 0 JEFF HOMER DIRECTOR 4.00 X 8550 0 0 JEFFREY MYERS DIRECTOR 4.00 X 7200 0 0 DAVID PRECHTEL DIRECTOR 4.00 X 9000 0 0 TIM NIESZ DIRECTOR 4.00 X 7200 0 0 MIKE MOULTON DIRECTOR 4.00 X 7200 0 0 ALAN ALTHOUSE PRESIDENT & CEO 40.00 X 343311 0 140266 GARY BERNARD EVP CHIEF OPERATIONS OFFICER 40.00 X 262827 0 164922 FRED FARBOD SVP CHIEF LENDING OFFICER 40.00 X 232394 0 119547 CHRIS KEARNEY SVP CHIEF INFORMATION OFFICER 40.00 X 202759 0 109411 JEFF PEABODY SVP CHIEF MARKETING OFFICER 40.00 X 196251 0 67134 BRAD TANBERG SVP & CFO (RESIGNED DURING 2017) 40.00 X 168476 0 12320 MICHAEL WARD SVP CHIEF FINANCIAL OFFICER 40.00 X 157639 0 23042 BRENT CATTANI FINANCIAL ADVISOR II 40.00 X 233478 0 32762 KATHERINE SCIASCIA MORTGAGE LOAN ORIGINATOR 40.00 X 347787 0 34529 JESUS PEREZ MORTGAGE LOAN ORIGINATOR 40.00 X 208502 0 32343 EDWARD M PORTNOFF MORTGAGE LOAN OFFICER 40.00 X 309768 0 22233 KELLY ARGALL MORTGAGE LOAN OFFICER 40.00 X 216901 0 25369 2964243 0 783878 31 0 1 0 PSCU 560 CARILLON PARKWAY ST PETERSBURG FL 22716 CREDIT AND DEBIT CARD SERVICES 2809809 NEXTNET PARTNERS LLC 7855 SOUTH RIVER PARKWAY STE 121 TEMPE AZ 85248 NETWORK HARDWARE & PROFESSIONAL SERVICES 750224 ACKER ADVERTISING LLC 4960 S GILBERT RD STE 1-523 CHANDLER AZ 85249 ADVERTISING FOR MARKETING 715846 FISERV 19935 E WALNUT DR N WALNUT CA 91789 CORE PROCESSING SYSTEM 639665 APPRAISAL TEK 4115 E VALLEY AUTO DRIVE SUITE 106 MESA AZ 85206 LOAN APPRAISALS 350293 25 LOAN INTEREST INCOME 522100 37946886 37946886 FEES AND CHARGES 522100 12355324 12169716 185608 WEALTH MANAGEMENT COMMISSIONS 522100 1745184 1745184 PROCEEDS ON SALE OF LOANS 522100 500902 500902 52548296 4283433 4283433 59286 59286 9203526 385346 9442248 435580 -238722 -50234 -288956 -288956 CREDIT LIFE AND DISABILITY INCOME 522100 19397 19397 COLLATERAL PROTECTION INSURANCE 522100 2325 2325 192488 192488 214210 56816269 52384410 185608 4246251 X 17500 2212332 1844771 15993986 785608 2089805 1188244 486322 129201 5824137 1515298 587476 4076178 2740415 98745 257715 2506643 1713082 111958 PROVISION FOR LOAN LOSS 3540541 ATM SERVICE COSTS 1142063 ACCOUNT PROCESSING 1117546 CARDS AND CHECKS 791794 1225872 51997232 8936791 9437655 20076791 48325199 849724598 895676936 2341540 3140480 38263268 17266404 21409658 20996864 21919661 7425085 9713746 10524459 33139657 34641270 967262442 1030167948 13609450 16123099 852267261 907339338 865876711 923462437 X 0 0 0 0 101385731 106705511 101385731 106705511 967262442 1030167948 X 4819037 515196 -14453 X 0 1 X 1 0 10200730 10200730 12119213 5459501 6659712 15122034 11806903 3315131 821291 821291 20996864 DEFERRED COMPENSATION LIABILITY 2069566 MEMBER DEPOSIT ACCOUNTS 905269772 907339338 X 56796059 -20210 -20210 56816269 0 56816269 51991475 0 51991475 5757 5757 51997232 PART X, LINE 2: THE CREDIT UNION EVALUATED ITS TAX POSITIONS AND DETERMINED NO UNCERTAIN TAX POSITIONS EXIST AS OF DECEMBER 31, 2017 AND 2016. PART XI, LINE 2D - OTHER ADJUSTMENTS: LOSS ON DISPOSAL OF FIXED ASSETS -5,757. CHANGE IN VALUE OF DEFERRED COMPENSATION ASSETS -14,453. PART XII, LINE 4B - OTHER ADJUSTMENTS: LOSS ON DISPOSAL OF FIXED ASSETS 5,757. 1 SCHOLARSHIP 7 17500 PART I, LINE 2: THE CHECKS ARE ISSUED DIRECTLY TO THE INDIVIDUAL'S SCHOOL IN THE UNITED STATES. X 1 1 X X X X X 1 1 0 ALAN ALTHOUSE PRESIDENT & CEO 302699 0 36300 0 4312 0 126708 0 13558 0 483577 0 0 0 GARY BERNARD EVP CHIEF OPERATIONS OFFICER 233127 0 29700 0 0 0 145722 0 19200 0 427749 0 0 0 FRED FARBOD SVP CHIEF LENDING OFFICER 205394 0 27000 0 0 0 105299 0 14248 0 351941 0 0 0 CHRIS KEARNEY SVP CHIEF INFORMATION OFFICER 178959 0 23800 0 0 0 90291 0 19120 0 312170 0 0 0 JEFF PEABODY SVP CHIEF MARKETING OFFICER 173851 0 22400 0 0 0 53740 0 13394 0 263385 0 0 0 BRAD TANBERG SVP & CFO (RESIGNED DURING 2017) 168476 0 0 0 0 0 3550 0 8770 0 180796 0 0 0 MICHAEL WARD SVP CHIEF FINANCIAL OFFICER 157344 0 295 0 0 0 9639 0 13403 0 180681 0 0 0 BRENT CATTANI FINANCIAL ADVISOR II 232893 0 585 0 0 0 14394 0 18368 0 266240 0 0 0 KATHERINE SCIASCIA MORTGAGE LOAN ORIGINATOR 343163 0 4624 0 0 0 16111 0 18418 0 382316 0 0 0 JESUS PEREZ MORTGAGE LOAN ORIGINATOR 204407 0 4095 0 0 0 13925 0 18418 0 240845 0 0 0 EDWARD M PORTNOFF MORTGAGE LOAN OFFICER 305376 0 4392 0 0 0 16200 0 6033 0 332001 0 0 0 KELLY ARGALL MORTGAGE LOAN OFFICER 216451 0 450 0 0 0 13246 0 12123 0 242270 0 0 0 PART I, LINES 4A-B BRAD TANGBERG RECEIVED $63,846.20 IN SEVERANCE PAY DURING CALENDAR YEAR 2017. PART 1, LINE 4B ALAN ALTHOUSE - CONTRIBUTION TO 457(F) - $107,808 GARY BERNARD - CONTRIBUTION TO 457(F) - $124,122 FRED FARBOD - CONTRIBUTION TO 457(F) - $88,547 JEFF PEABODY - CONTRIBUTION TO 457(F) - $41,603 CHRIS KEARNEY - CONTRIBUTION TO 457(F) - $77,598 FORM 990, PART III, LINE 2 WE OPENED OUR THUNDERBIRD BRANCH IN SEPTEMBER OF 2017. IT IS LOCATED AT 3431 W THUNDERBIRD RD, PHOENIX, AZ 85053. FORM 990, PART VI, SECTION A, LINE 6 MEMBERS OF THE CREDIT UNION INCLUDE ANY ACTIVE OR RETIRED EMPLOYEE OF THE CREDIT UNION'S COMMON BOND OF OCCUPATION EMPLOYEE GROUPS, THEIR SUBSIDIARIES AND THEIR JOINT VENTURE COMPANIES AND OTHER BUSINESS RELATIONSHIPS AS APPROVED BY THE BOARD AND THE DEPARTMENT OF FINANCIAL INSTITUTIONS MAY APPLY TO BECOME A MEMBER. ANY MEMBER OF THE CREDIT UNION'S COMMON BOND OF ASSOCIATIONS OR ORGANIZATIONS AS APPROVED BY THE BOARD AND DEPARTMENT OF FINANCIAL INSTITUTIONS MY APPLY TO BECOME A MEMBER OF THE CREDIT UNION. ANY INDIVIDUAL THAT LIVES OR WORKS OR ANY BUSINESS LOCATED IN THE GEOGRAPHIC AREAS LISTED IN APPENDIX C OF THE BYLAWS AS APPROVED BY THE BOARD AND THE DEPARTMENT OF FINANCIAL INSTITUTIONS MAY APPLY TO BECOME A MEMBER. ANY MEMBER OF THE CREDIT UNION'S COMMON BOND OF INTEREST GROUPS AS APPROVED BY THE BOARD AND THE DEPARTMENT OF FINANCIAL INSTITUTIONS MAY APPLY TO BECOME A MEMBER. FORM 990, PART VI, SECTION A, LINE 7A THE MEMBERS OF THE CREDIT UNION ELECT THE GOVERNING BODY OF THE INSTITUTION. FORM 990, PART VI, SECTION A, LINE 7B CERTAIN DECISIONS SUCH AS MERGERS AND CONVERSIONS TO A DIFFERENT CHARTER TYPE REQUIRE MEMBERSHIP APPROVAL. FORM 990, PART VI, SECTION B, LINE 11B THE BOARD OF DIRECTORS RECEIVE A COPY OF THE RETURN PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C REGULARLY MONITOR AND REVIEW ACTIVITY OF THE ENTITY FOR POTENTIAL CONFLICTS. FOR EXAMPLE, ALL LOANS TO MEMBERS OF THE BOARD OF DIRECTORS ARE UNDERWRITTEN BY STAFF USING STANDARD UNDERWRITING GUIDELINES FOR ALL MEMBERS, WITH THE SAME RATES AND TERMS AVAILABLE TO ALL MEMBERS, AND THEN REPORTED TO AND RATIFIED BY THE FULL BOARD OF DIRECTORS. BOARD MEMBERS ALSO COMPLETE AN ANNUAL CONFLICT OF INTEREST STATEMENT. FORM 990, PART VI, SECTION B, LINE 15 HRN MANAGEMENT IS A THIRD PARTY COMPANY THAT SPECIALIZES IN COMPENSATION. HRN GATHERS DATA FROM 700 CREDIT UNIONS ACROSS THE UNITED STATES AND DEVELOPS THE CREDIT UNION'S SALARY RANGES BASED ON COMPARABLE ASSET SIZE AND GEOGRAPHICAL LOCATION. THE CREDIT UNION ALSO UTILIZES A COMPENSATION CONSULTANT TO REVIEW THE CEO'S AND SENIOR LEADERSHIP TEAMS COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 THE CREDIT UNION'S MONTHLY FINANCIAL STATEMENTS ARE DISPLAYED AT ALL THE BRANCH LOCATIONS, AUDITED FINANCIALS AND OTHER DOCUMENTS ARE MADE AVAILABLE UPON REQUEST. FORM 990, PART IX, LINE 11G CREDIT REPORTS 654,439. HOME EQUITY EXPENSE 482,762. LOAN EXPENSE OTHER 33,355. LOAN EXPENSE - 1ST MORTGAGE PROCESSING 528,198. MORTGAGE SALES EXPENSE 37,941. DEALER SALES EXPENSE 43,086. LOAN EXPENSE - EFT PHONE PAY 95,673. STUDENT LOAN EXPENSE 616. BUSINESS LOAN EXPENSE 66,025. BUSINESS DEVELOPMENT 2,195. VISA TRUREWARDS-BUSINESS PLATINUM POINTS 7,205. VISA SIGNATURE TRUEREWARDS 931,474. VISA PLATINUM TRUEREWARDS 163,799. DEBIT CARD EXPENSE 1,081,994. VISA SIGNATURE PROCESSING 699,579. VISA GOLD PROCESSING FEES 14,834. VISA PLATINUM PROCESSING FEES 385,786. VISA BUSINESS PROCESSING FEES 13,794. SMALL BALANCE WRITE OFF -12. PLASTIC CARD FRAUD EXPENSE 241,946. MASTER CARD DEBIT FRAUD LOSSES 25,552. PROFESSIONAL CONSULTING SERVICES 313,896. FORM 990, PART XI, LINE 9: CHANGE IN DEFERRED COMPENSATION ASSETS -14,453.